Finance author and Bitcoin advocate Robert Kiyosaki has once again criticized Bitcoin exchange-traded funds (ETFs), warning that they undermine the cryptocurrency’s core principle of financial independence. In a recent post on X, the Rich Dad Poor Dad author dismissed ETFs as a tool of financial elites, claiming they serve the interests of big institutions rather than individual investors. Robert Kiyosaki Rejects Bitcoin ETFs Kiyosaki, a longtime critic of Wall Street and traditional banking systems, expressed his concerns about Bitcoin ETFs, stating that they place control of the digital asset in the hands of financial institutions. According to him, this contradicts the decentralized nature of Bitcoin. Is BITCOIN a SCAM? It might be…. But not a big a scam as the US Dollar and the US Banking System…. Starting with the Fed. They are BANKSTERS. For example…. When they F. U. and lose billions…. The criminals at the Fed bail them out. They should go to jail. That’s… — Robert Kiyosaki (@theRealKiyosaki) March 1, 2025 “Please protect yourself from the banksters,” he said, “Buy real gold, silver, and Bitcoin. No gold, silver, or Bitcoin ETFs which are bankster’s money.” His stance reflects a broader skepticism towards financial intermediaries. While Bitcoin was designed to give people direct control over their wealth, Kiyosaki argues that ETFs reintroduce middlemen who profit off investors and manipulate the market. Institutional Control and Market Manipulation Kiyosaki’s latest remarks come as institutional interest in Bitcoin continues to grow. Since the approval of spot BTC ETFs in the U.S., billions of dollars have flowed into these investment products. Proponents argue that ETFs make Bitcoin more accessible to traditional investors , providing a regulated and secure way to gain exposure to the asset. However, Kiyosaki remains unconvinced. He has repeatedly compared Bitcoin ETFs to gold and silver ETFs, which he claims allow financial institutions to manipulate prices and limit the true value of the assets. He believes direct ownership of Bitcoin is the only way to achieve financial security. Bitcoin vs. the Financial System Despite his criticism of BTC ETFs, Kiyosaki remains a strong supporter of Bitcoin. While he acknowledges that cryptocurrency has flaws, he insists they are minor compared to the problems within the traditional financial system. Over the years, he has frequently criticized central banks, the U.S. dollar, and the Federal Reserve, warning of an impending financial collapse. He argues that Bitcoin and physical gold and silver protect against economic instability. His latest comments also come amid speculation about Bitcoin’s price movement. Kiyosaki has previously predicted that the cryptocurrency could reach between $175,000 and $350,000 in 2025. While some view his projections as overly optimistic, he maintains that Bitcoin remains a key asset for those seeking financial independence. The post Robert Kiyosaki Slams Bitcoin ETFs as ‘Bankster’s Money’ appeared first on TheCoinrise.com .
